ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Summary of In defense of Laissez Faire Market

Updated on May 10, 2013
Ebey Soman profile image

I am a working professional who shares a deep passion for writing and likes to share his thoughts using credible sources and facts

Ron Paul is an advocate of minimal market interference by the government
Ron Paul is an advocate of minimal market interference by the government | Source

The pamphlet In defense of Laissez-Faire argues in favor of unrestrained capitalism and fully supports and justifies the big industrialists. The pamphlet heightens the importance of economic security at the expense of its citizens. It condemns the use of legislation to cure the general public’s poverty. It argues unemployment and a drain on the treasury were the main effects of the poor law intended to help poor people. It states that legislation attempted to protect the poor have shackled the commerce and manufacturers “driving capital from productive into unproductive channels . . .” The article supports an uncontrolled economy when it states, “in the matter of commerce and manufactures at least, we shall approach continually to a condition of complete and unrestricted freedom.”

By stating that “the public . . . feelings have been much excited by the tales of hardship,” the article attempts to dismiss the 10 hour workday proposal as mere “excitement.” It then states that the issue has gained much ground because of the Tory party who has been “raking up every old story . . . endeavoring to excite the feelings of the public, and the members of the legislature, against the mills and the mills-owners.” The pamphlet blames the parents for child labor defending its stance of non interference in family affairs. But it recommends a law should be made to force children to go school, so that they would be prevented from working. A bill by Sir John Hobliouse is mentioned to have prohibited children under the age of 21 to work at night and protection of children from ages 16 to 18. The pamphlet does not favor a legislator’s attempts to pass a law for the 10 hour work day for adults. Instead, he is blamed for sending a parliamentary commission to examine working conditions in all manufacturing districts without giving the manufacturers a fair say in parliament.

Comments

Submit a Comment

  • Ebey Soman profile imageAUTHOR

    Ebey Soman 

    5 years ago from USA

    Thank You

  • Ebey Soman profile imageAUTHOR

    Ebey Soman 

    5 years ago from USA

    Thanks

  • profile image

    Fred 

    7 years ago

    love the Ron Paul image lol

  • GeinaAnn67 profile image

    GeinaAnn67 

    7 years ago

    love it great informations

working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)